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Updated about 8 years ago,

User Stats

13
Posts
1
Votes
Ran Fridman
  • Rental Property Investor
  • Chicago, IL
1
Votes |
13
Posts

Tax lines downsides beside bad property / land & overbid choice ?

Ran Fridman
  • Rental Property Investor
  • Chicago, IL
Posted

Hello BP Community, I wanted to ask quick question about tax lines & tax deeds what are downsides beside bad property or land choice  or overbidding ?

1. Are income tax or other liens are superior than property tax liens ?

2. If person file bankruptcy what happens with his Tax liens & deeds ?

3. How is profit from tax liens are taxed ?

4. What if  profit % I make from tax liens I reinvest back to tax liens do I still need to pay income tax?

5. What other downside of tax liens and tax deeds I should be aware of ?

Thank you for your knowledge and help and will wait for your kind reply,

Ran Fridman

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